Charter Communications (CHTR) is expected to report modest declines in Q1 revenue and earnings before interest, taxes, depreciation, and amortization as competitive pressures in broadband persist and the company laps one-time benefits from the prior year, UBS Securities said in a Monday note.
UBS forecasts 1.2% revenue and 1.9% Ebitda declines in Q1 but expects improvement later in the year as comparisons ease and political advertising boosts results.
UBS expects 2026 revenue to dip 0.6% while Ebitda rises about 0.6%, excluding transition costs, with free cash flow around $5.1 billion and about $5 billion in share repurchases projected for the year, according to the note.
Charter is projected to lose about 98,000 broadband subscribers in Q1, citing pressure from expanding fiber and fixed wireless offerings, and forecasts around 400,000 losses in 2026, similar to 2025 trends, UBS said.
UBS also expects the company to outperform the video market, projecting 89,000 video subscriber losses in Q1, compared with 181,000 losses a year earlier. The firm also forecasts about 410,000 mobile net additions and around a 2.1% decline in residential revenue amid subscriber losses and competitive pricing pressure.
Charter will release its Q1 results on April 24.
UBS maintained its neutral rating on the stock with a $235 price target.
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